Import PS prices in China and Southeast Asia have been mostly on a stable to firm track since they hit a more than one-year low in around early December. Despite healthy demand and low inventories, sellers either kept their offers stable or applied modest hikes in the midst of slowly rising spot styrene prices...

Turkish PE players reported to have felt a visible impact of the restriction on the use of plastic bags on PE trade although it has been only a few weeks since the compulsory fee of TRY0.25 was implemented by the Ministry of Environment and Urban Planning...

In Europe, LDPE and LLDPE prices continued to hover at around their multi-year lows as the downward trend of PE was extended into 2019 with January prices witnessing decreases of €20 -€40/ton. Lingering holiday lull and overall ample supplies kept trading thin...

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Asian PVC market holds firm prior to Feb announcement

The sentiment across Asian PVC markets has been firm since the first half of December 2018 mainly due to tight supplies and healthy demand from India in the midst of the high season.

India’s local PVC market hits 4-month high

After a major Taiwanese producer’s January hikes found acceptance in India and reinforced the firm sentiment in the import PVC market, a domestic producer also lifted its offers in the first week of 2019 mainly due to firm demand.

The weekly average data from ChemOrbis Price Index show that India’s local PVC market has reached its highest levels since early September 2018 in the week that ended January 4.

China’s PVC market is supported by tightness despite winter season

Acetylene and ethylene-based PVC prices in China have been following a mostly stable to slightly firmer trend for more than a month.

Although buying interest for PVC applications is limited in China due to the winter season and market activities are expected to slow further down given the approaching Chinese New Year holidays, the sentiment in China’s local PVC market has remained firm with support from low supplies.

Meanwhile, the government is likely to tighten its environmental inspections following two fatal blasts that occurred in late 2018.

Expectations call for new round of slight increases for Feb

Asian PVC players have been voicing firmer expectations for the major Taiwanese producer’s February announcement, citing availability issues and firm demand particularly from India.

An Indian trader commented, “We think the major producer will apply increases of $20-30/ton for February as demand from India is likely to remain firm.”